8 Harris Avenue, Toronto E02
Toronto E02
$1,299,900
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
3
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$3,650/mo
Estimated from market price-to-rent ratios
Remarks
Discover The Perfect Place To Call Home At 8 Harris Ave, Where Timeless Charm Meets Contemporary Living. Thoughtfully Renovated From Top To Bottom, This Stunning Residence Offers A Bright Open-Concept Design With Quality Finishes Throughout. Extensive Improvements Include A Newer Flat Roof, Flooring On The Main And Second Levels, Updated Air Conditioning, updated Ductwork, Modern Electrical, A Beautifully Redesigned Kitchen, An Added Third Bathroom, Pot Lights Throughout, Fresh Exterior Paint, Walk out from Basement with 3pce bath! Simply Move In And Start Enjoying Everything This Exceptional Home Has To Offer. Situated In A Well-Established, Family-Oriented Community Between Two Subway Stations And Just Minutes To The DVP, This Location Offers Outstanding Convenience. Walk To Schools, Parks, Shopping, Restaurants, Grocery Stores, And Everyday Amenities. The Home Features Three Spacious Bedrooms On The Upper Level Plus A Versatile Additional Room In The Newly Finished Basement, Perfect For Guests, A Home Office, Or Recreation.
MississaugaInvestor.ca
8 Harris Avenue
Detached · 4bd/3ba · ~1,300 sqft
$1,299,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.04%
Monthly Cash Flow
-$4,853/mo
Estimated Rent
$3,650/mo
Cash-on-Cash
-20.4%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,650 |
| Mortgage | −$5,983 |
| Property Tax | −$1,029 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,083 |
| Vacancy (5%) | −$183 |
| Cash Flow | -$4,853/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$43,800 |
| Vacancy (5%) | −$2,190 |
| Property Tax | −$12,349 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$12,999 |
| Annual NOI | $13,562 |
| Cap Rate | 1.04% |
Cash Required to Close
| Down Payment (20%) | $259,980 |
| Ontario Land Transfer Tax | $22,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $285,453 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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